Question

Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $252,500 431,500 284,500 374,000 62,100 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $24,500 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter it with a negative sign preceding the number e.g.-15,000 or in parentheses e.g. (15,000)) Current ratio Debt to assets Free cash flow

Answer 1

1
Total Current Assets	252500
Divide by Total Current Liabilities	284500
Current ratio	0.89	:1
2
Total liabilities	374000
Divide by Total Assets	431500
Debt to Assets	86.67%
3
Net cash provided by Operating activities	62100
Less: Dividends paid	-11000
Less: Capital expenditures	-24500
Free Cash flow	26600